Hike In Tax Collection After Demonetization Says Arun Jaitley

Union Finance Minister Arun Jaitley on Monday said the recent demonetization had little impact on tax collection as the figures showed.

The FM said the April-December 2016 direct tax collection was up by 12.01 per cent. The indirect tax collection in April-December 2016 was up by 25 per cent, he added. Excise collection was up by 43 per cent, service tax 23.9 per cent, and customs duty had increased by 4.1 per cent.